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ETFs

VanEck ChiNext ETF

CNXT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 23 2014
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$51,153
AUM
$17,927,000
Associated Index
ChiNext Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

300750
Contemporary Amperex Technology Co. Limited - Ordinary Shares - Class A
19.08%
300059
East Money Information Technology Co Ltd - Ordinary Shares - Class A
7.01%
300760
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Ordinary Shares - Class A
4.85%
300124
Shenzhen Inovance Technology Co. Ltd - Ordinary Shares - Class A
4.71%
300498
Wens Foodstuff Group Co Ltd - Ordinary Shares - Class A
3.36%
300274
Sungrow Power Supply Co. Ltd - Ordinary Shares - Class A
3.08%
300015
Aier Eye Hospital Group Co.Ltd. - Ordinary Shares - Class A
2.67%
300308
Zhongji Innolight Co Ltd - Ordinary Shares - Class A
2.42%
300014
EVE Energy Co., Ltd. - Ordinary Shares - Class A
2.07%
300122
Chongqing Zhifei Biological Products Company - Ordinary Shares - Class A
1.95%
Invest with CNXT

What is CNXT?

VanEck ChiNext ETF (CNXT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChiNext Index (SZ988107), which tracks the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Market of the Shenzhen Stock Exchange. The ChiNext Index is comprised of China A-shares ( A-shares ).

ETFs related toCNXT

ETFs correlated to CNXT include CNYA, CHAU, KBA

CNXT
VanEck ETF Trust - VanEck ChiNext ETF
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
CHAU
Direxion Shares ETF Trust - Direxion Daily CSI 300 China A Share Bull 2X Shares
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
CQQQ
Invesco Capital Management LLC - Invesco China Technology ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
GMF
SSgA Active Trust - SPDR S&P Emerging Asia Pacific ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCNXT

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CNXT using Composer

FAQ

CNXT is a Global Ex. US Equities ETF. VanEck ChiNext ETF (CNXT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChiNext Index (SZ988107), which tracks the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Market of the Shenzhen Stock Exchange. The ChiNext Index is comprised of China A-shares ( A-shares ).

CNXT tracks the ChiNext Index.

No, CNXT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CNXT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CNXT is -0.0324%. This is the percent change in the value of CNXT over the most recent 1-month period. The 3-month return on CNXT is -0.092%. This is the percent change in the value of CNXT over the most recent 3-month period.

The standard deviation of CNXT for the past year is 0.2427%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CNXT include PBW, IGF, and ARKK.

ETFs correlated to CNXT include CNYA, CHAU, and KBA.

ETFs that are inversely correlated to CNXT include YANG, EDZ, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.